Oil and Industry

Air Quality 14-03-2018

Off-limit new diesel cars evade European city bans

The vast majority of new diesel-powered vehicles that don’t meet EU emission limits still manage to escape low emission zones or diesel bans in European cities, according to new research published today (14 March).
Energy 08-03-2018

Europe’s future oil production seen viable at $60 a barrel

Europe is hardly the first place that springs to mind when thinking about the world's major oil producing regions, and there is a perception that the domestic industry has already seen its heyday, particularly in the North Sea.
Agrifood 06-03-2018

Malaysia to respond with ‘might and tact’ if EU proceeds with palm oil curbs

Malaysia will respond with "might and tact" if the European Union proceeds with a plan to limit use of palm oil in biodiesel, a cabinet minister said on Tuesday (5 March).
Energy 05-03-2018

The death of diesel: Can struggling industry woo back consumers?

Amid fears about pollution, penalties and bans, buyers are abandoning diesel cars in droves. EURACTIV's media partner The Guardian reports.
Energy 05-03-2018

Russia tells EU gas supplies via Ukraine under no immediate threat

Russia's Energy Ministry said on Saturday (3 March) that gas giant Gazprom's intention to terminate contracts with Ukraine poses no immediate threat to natural gas supplies to Europe through Ukraine.
Energy 27-02-2018

EU’s carbon market update clears final hurdle

The Council of the EU has given the final stamp of approval to an update to the European Union’s Emissions Trading System (ETS), which hopes to help the bloc cut emissions by 40% by 2030.
Energy 26-02-2018

The great European fuel shift?

Europe’s electricity industry appears to have come to terms with the reality that wind and solar power will be central to a shift away from fossil fuels, especially coal-fired power generation. Now policy makers in Brussels are swivelling the spotlight towards transport, and the biggest fossil fuel of all: oil.
Climate change 15-02-2018

OECD urges countries to tax dirty energy

The OECD has encouraged governments to start taxing CO2 emissions more aggressively, in a new report which warns that current taxation levels are not enough to fight climate change effectively
Air Quality 13-02-2018

Germany’s energy and climate policy is taking shape

The coalition agreement between the German Conservatives and the Social Democrats outlines a relatively ambitious energy policy. EURACTIV’s partner Le Journal de l’environnement reports.
Energy 08-02-2018

Germany’s ‘green’ energy production up 1,000% since 1990

Since 1990, the production of "green" electricity in Germany has increased by 1,000% and export rates, according to preliminary data for 2017, just smashed another record. EURACTIV Poland’s partner WysokieNapiecie.pl reports.
Energy 02-02-2018

Diesel to petrol shift poses ‘serious challenge’ to CO2 reduction

Falling demand for diesel-powered cars is having a “brutal” impact on carmakers while the EU’s CO2 reduction policy is jeopardising a fragile recovery in sales, the president of the European Automobile Manufacturers' Association (ACEA) told reporters on Wednesday (31 January).
Electric cars 30-01-2018

Socialists float 40% emission cut for cars in Europe by 2030

The centre-left Socialists and Democrats (S&D) faction in the European Parliament are gearing up for a fight over EU car emission standards for 2030, floating a 40% cut in CO2 and suggesting a radical change in the way emissions are measured in the first place.



25 Years of Sustainable Development

LUKOIL is one of the major international oil and gas companies that accounts for more than 2% of the world's oil production and around 1% of the proven hydrocarbon reserves. Every day millions of consumers in more than 30 countries worldwide buy LUKOIL’s products, energy and heat, improving the quality of their life.

While having the full production cycle, LUKOIL exercises full control over the whole production chain — from oil and gas production to petroleum product sales. LUKOIL's goal is to create new value, maintain high profitability and stability of its business, deliver high return on capital employed for its shareholders by increasing the value of the LUKOIL's assets and the payment of cash dividends.

To achieve these goals, LUKOIL shall use all available opportunities, including further efforts to reduce costs, increase the efficiency of its operations, improve the quality of its products and services and use new advanced technologies.

Taking social responsibility for the efficient use of natural resources in all its earnestness and maintaining favorable environmental conditions in its business, LUKOIL is guided by the highest HSE standards. In its operations the LUKOIL pursues the sustainable development principles and seeks to achieve a good balance between socio-economic and environmental development.

LUKOIL’s corporate mission is to make the energy of natural resources serve the interests of mankind, to efficiently and responsibly develop the unique hydrocarbon fields by providing Company growth, the wellbeing of its employees and community at large.

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